Deccan Aviation to hive off rotorcraft biz

Deccan Aviation, which operates the country’s biggest low-fare airline, plans to turn its helicopter business into a separate company and raise money to expand the unit, Managing Director G R Gopinath said.

The Bangalore-based company will sell a stake to private investors in the proposed helicopter company and later consider an initial public offering, Gopinath said in an interview in Bangalore yesterday. The airline has begun preliminary work on the proposal, Gopinath said.